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Smart Water Metering Market is Expected to Reach$6.4 billion in 2027
Posted By vickydhanraj 877 days ago on latest news
According to a research report “Smart Water Metering Market by Meter type (Ultrasonic, Electromagnetic, Smart Mechanical), Application (Water Utilities, Industries), Technology (AMI, AMR), Component (Meter & Accessories, Communications) and Region – Global Forecast to 2027″ published by MarketsandMarkets, the Smart Water Metering market is expected to grow at a CAGR of 11.6% during the forecast period, from an estimated USD 3.7 billion in 2022 to USD 6.4 billion in 2027. The rising urban population is creating opportunities for the development of smart cities, which ultimately is driving the demand for smart water metering infrastructure development on a larger scale.
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